Search Results - subject:"booms and crashes"

On the power and weakness of rational expectations: Logical fallacies, periodic bubbles and business cycles

Gracia, Eduard - 2012

A popular interpretation of the Rational Expectations/Efficient Markets hypothesis states that, if the hypothesis holds, then market valuations must follow a random walk. This postulate has frequently been criticized on the basis of empirical evidence. Yet the assertion itself incurs what we...

Persistent link: https://www.econbiz.de/10010309044

Predicting the unpredictable: Forecastable bubbles and business cycles under rational expectations

Gracia, Eduard - In: Economics: The Open-Access, Open-Assessment E-Journal 6 (2012) 2012-41, pp. 1-43

A popular interpretation of the Rational Expectations/Efficient Markets hypothesis states that, if it holds, market valuations must follow a random walk; hence, the hypothesis is frequently criticized on the basis of empirical evidence against such a prediction. Yet this reasoning incurs what we...

Persistent link: https://www.econbiz.de/10010310870

On the power and weakness of rational expectations: Logical fallacies, periodic bubbles and business cycles

Gracia, Eduard - Institut für Weltwirtschaft (IfW) - 2012

Persistent link: https://www.econbiz.de/10010956093

A simple model for market booms and crashes

Çetin, Umut; Sheynzon, Ilya - In: Mathematics and financial economics 8 (2014) 3, pp. 291-319

Persistent link: https://www.econbiz.de/10010365554

Predicting the unpredictable: Forecastable bubbles and business cycles under rational expectations

Gracia, Eduard - In: Economics - The Open-Access, Open-Assessment E-Journal 6 (2012), pp. 1-43

Persistent link: https://www.econbiz.de/10010954775